Turkey GDP Annual Growth Rate 1999-2018 | Data | Chart | Calendar

The Turkish economy grew by 5.2 percent year-on-year in the second quarter of 2018, easing from a downwardly revised 7.3 percent expansion in the previous three-month period. It was the weakest growth rate since the last quarter of 2016, as household consumption and fixed investment increased at a softer pace. Meanwhile, government spending jumped and net external demand contributed positively to the expansion as a slump in the lira boosted exports. GDP Annual Growth Rate in Turkey averaged 4.87 percent from 1999 until 2018, reaching an all time high of 11.70 percent in the first quarter of 2011 and a record low of -14.40 percent in the first quarter of 2009.

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Turkish GDP Growth Slows to 5.2% in Q2

The Turkish economy grew by 5.2 percent year-on-year in the second quarter of 2018, easing from a downwardly revised 7.3 percent expansion in the previous three-month period. It was the weakest growth rate since the last quarter of 2016.

On the expenditure side, household consumption increased 6.3 percent in the second quarter, after a 9.3 percent jump in Q1; and fixed investment rose 3.9 percent, following a 7.9 percent climb in the previous period. Meanwhile, government spending went up at a faster 7.2 percent (vs 4.9 percent in Q1), and net external demand contributed positively to the GDP growth, as exports surged 4.5 percent (vs 0.7 percent in Q1) buyoed by a persistent currency weakness and imports advanced at a much softer 0.3 percent (vs 15.4 percent in Q1).

Turkish GDP Growth Exceeds Forecasts
The Turkish economy grew by 7.4 percent year-on-year in the first quarter of 2018, following a 7.3 percent expansion in the previous three-month period and beating market expectations of 7 percent.Published on 2018-06-11

Turkish Economy Grows 7.3% in Q4
The Turkish economy grew by 7.3 percent year-on-year in the fourth quarter of 2017, following an upwardly revised 11.3 percent expansion in the previous three-month period and beating market expectations of 7 percent.Published on 2018-03-29

Turkey Q3 GDP Growth Strongest in 6 Years
The Turkish economy grew 11.1 percent year-on-year in the third quarter of 2017, accelerating sharply from an upwardly revised 5.4 percent expansion in the previous three-month period and beating market expectations of 10 percent. It was the strongest pace of expansion since the third quarter of 2011, boosted by household consumption, fixed investment, exports and government spending.Published on 2017-12-11

Turkey GDP Growth Below Expectations in Q2
The Turkish economy advanced 5.1 percent year-on-year in the second quarter of 2017, easing slightly from an upwardly revised 5.2 percent expansion in the previous three months and below market expectations of 5.3 percent. Household consumption and exports slowed and public spending declined. The 2016 growth was revised up to 3.2 percent from 2.9 percent.Published on 2017-09-11